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IMF increases Egypt’s real GDP growth forecasts to 3.3% in 2021
The International Monetary Fund (IMF) has raised Egypt’s real GDP growth projections for 2021 to 3.3 percent.
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Credit Agricole Egypt allocates EGP 200m to finance medical sector
Credit Agricole Egypt has signed a cooperation protocol with UltraTeb to finance the health sector with EGP 200m.
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Afreximbank, Barbados Enter Milestone Understanding for Africa Diaspora Trade Ties
African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island…
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Egypt, AfDB prepare for 2022-2026 country strategy in Presence of 17 national entities
The African Development Bank Group and the Ministry of International Cooperation launched consultations for the Bank’s new Country Strategy Paper for Egypt.
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Egypt’s core inflation rises to 4.8% yr/yr in September – c.bank
Egypt’s year-on-year core inflation rose to 4.8 percent in September from 4.5 percent in August, the central bank said.
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QNB Al Ahli’s profit up 7% in nine months
Qatar National Bank Al Ahli (QNB Al Ahli) reported net profits of EGP 6 billion in the first nine months of 2021, up by 7% year-on-year (YoY) from EGP 5.6 billion, including minority shareholders'…
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Egyptian expat insurance program will start by the beginning of 2022
An Egyptian expat insurance program will come into effect as of January 1, 2022, the Financial Regulatory Authority (FRA) announced.
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E-finance public offering subscription starts Sunday
The Egyptian Stock Exchange (EGX) said that orders will be received and recorded on the shares of e-finance for financial and digital investments at a maximum price of LE 13.98 per share, from Sunday,…
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World Bank boosts Egypt’s GDP growth projections to 5.5% in 2021
The World Bank Group has raised its projections for Egypt’s real GDP growth for 2021 to 5.5 percent from 4.5 percent forecast made in June.
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Egypt’s SICO plans to produce more than 2M devices, export to Africa
The Egyptian company, SICO Technology, plans to assemble devices for other companies and increase its exports to Africa, with the production of more than two million devices of various brands in 2022,…
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